Why is bitcoin so expensive?

[Sumayya 493]

Bitcoin is so expensive Because it is mostly use, the more they use it the more the price goes up

[fo1lluko1l 487]

I do not know what stores you are talking about, but in my country, the maximum where you can pay with bitcoins is online stores of accounts and keys to games, nowhere else does bitcoin accept

[Rosepetals 407]

On 11/23/2019 at 3:58 PM, yupi84goro said:

The price of bitcoin is getting more expensive because its supply is limited, unlike fiat which can be printed continuously. The number of new investors also continues to grow.This is also the reason for prices bitcoin so expensive. But this will be interesting, because for old investor investors can very profitable with conditions like this.

You were right mate bitcoins supply is limited to 21 millions while there are only 3 million bitcoins left by miners in blocks.It is predicted that the last block would be mined this coming 2140,where the 210,000 last block would be mined.The value as expected will soon become very expensive that is why we must take advantage to the most cheaper value a Bitcoin could ever have.

[Agios 1763]

The price of Bitcoin is expensive, because mining costs are large / expensive, the amount is limited, the number of demands is greater than the supply, more people hold Bitcoin as an investment than as a medium of exchange. News and opinions of experts.

[I-KUN 422]

I think its price is likened with the mining cost. It's hard to get bitcoin from mining now, because of high difficulty. So miner must upgrade their hardware frequently. If the bitcoin price is cheap, maybe no miner interested to mine it and also it won't interest some investors.

[duncun007 3577]

i think with a coin who has this potential and we see how it gives headache to governments and no matter what they do they cant ban it , the price is still very low for such powerful coin.

[ultimateclub 392]

On 11/23/2019 at 2:34 AM, Slavish said:

Why is bitcoin so expensive?

Здравствуйте! Биткоин такой дорогой по нескольким причинам: Ограниченное количество токенов в 21 млн. По расчетам последний биткоин будет добыт майнерами в 2040, каждые 4 года происходит халвинг и награда майнерам уменьшается в 2 раза. Анонимность транзакций. Можно переводить любые суммы и ваш кошелек никогда никто не сможет отследить. Спрос и предложение. Чем больше его покупают, тем он дороже. Скорость транзакций, если сравнивать с банковским переводом. Можно брать кредит в биткоинах и расплачиваться им в магазинах.

 

 

Hello! Bitcoin is so expensive for several reasons: A limited number of tokens in 21 million. according to calculations, the last bitcoin will be mined by miners in 2040, every 4 years there is a halving and the reward to miners is reduced by 2 times. The anonymity of the transactions. You can transfer any amount and your wallet will never be able to track. Supply and demand. The more people buy it, the more expensive it is. The speed of transactions when compared to Bank transfer. You can take a loan in bitcoins and pay them in stores.

You are right bro. The btc price is expensive because of it's limited circulations and high demand in the market. The another main reason of price hike is only 3 million btc left for rest of the people. That's why btc is expensive.

[Iamstrong 563]

Yes, I fully agree with the words of the author, as miners will finish mining bitcoin and it will end, the price will skyrocket.

[Thekingcallme 1975]

I think these great features of Bitcoin are enough to meet this popularity
The reason governments do not deal with it is that it is used in illegal projects and also does not control it

[khan22 3478]

Bitcoin will come first coin in the world and on that time it price is so much low not high like this but on that time not peoples will interested in it and they think that this is a normal thing and no one can show interest in it but at the time its price is going so much high and peoples will invest in it thats the main reason.

[SyntaxEr. 709]

On 11/23/2019 at 4:34 AM, Slavish said:

Hello! Bitcoin is so expensive for several reasons: A limited number of tokens in 21 million. according to calculations, the last bitcoin will be mined by miners in 2040, every 4 years there is a halving and the reward to miners is reduced by 2 times. The anonymity of the transactions. You can transfer any amount and your wallet will never be able to track. Supply and demand. The more people buy it, the more expensive it is. The speed of transactions when compared to Bank transfer. You can take a loan in bitcoins and pay them in stores.

You just mention all the facts why bitcoin is so expensive. Today as many countries accept bitcoin they just increase the value of it and even some speculators saying bitcoin may hit 1million per piece. 

[mrwicked101 67]

On 11/23/2019 at 4:34 AM, Slavish said:

Why is bitcoin so expensive?

Здравствуйте! Биткоин такой дорогой по нескольким причинам: Ограниченное количество токенов в 21 млн. По расчетам последний биткоин будет добыт майнерами в 2040, каждые 4 года происходит халвинг и награда майнерам уменьшается в 2 раза. Анонимность транзакций. Можно переводить любые суммы и ваш кошелек никогда никто не сможет отследить. Спрос и предложение. Чем больше его покупают, тем он дороже. Скорость транзакций, если сравнивать с банковским переводом. Можно брать кредит в биткоинах и расплачиваться им в магазинах.

 

 

Hello! Bitcoin is so expensive for several reasons: A limited number of tokens in 21 million. according to calculations, the last bitcoin will be mined by miners in 2040, every 4 years there is a halving and the reward to miners is reduced by 2 times. The anonymity of the transactions. You can transfer any amount and your wallet will never be able to track. Supply and demand. The more people buy it, the more expensive it is. The speed of transactions when compared to Bank transfer. You can take a loan in bitcoins and pay them in stores.

Yeah supply and demand, the higher the demand, the lower the supply and I think thats's the reason why bitcoin is you so called 'expensive' because the demand was high. I don't think the conviency of fast transactions relates to the amount of bitcoin. 

[rakib7970 217]

Bitcoin is so expensive because of many reasons. 1 bitcoin production cost is near to 4000 usd. More over bitcoin is very limited than other coins. Only 21 milion bitcoin will be produced. Besides this as a mother of all currency it has a great demand on market and that's why it's so costly. 

[Tine0313 3053]

The bitcoin's price is so expensive because it is only limited to 21 million. If bitcoin are getting popular all over the world, many people are buying it and because of the limited supply, the price of it are getting higher.

[AAYAN 108]

Bitcoin is so expensivebecause bitcoin supply is limited allso biitcoin use everywhere , if bitcoin demand going high then bitcoin more expencive from now

[Maaz ullah 14]

On 11/23/2019 at 11:20 PM, Syedbesharat said:

I think the utility of Bitcoin is the reason for high price of bitcoin as we can see bitcoin have very 

lower fees against the credit card fees are about 3%, you have complete control over your money, bitcoin have the ability to easily send money P2P in an instantly compared to 4-day bank transfers.The transfer of other property through methods like colored coins, not having to rely on banks to send your money on foreign.

Yes it has so many possitive aspects but the negative one is sudden drastic changes in the prices of bitcoins.. But in case of import exports one can sell goods with btc with a handsome profit but on the other day BTC prices comes down drasticlyy leaving him in loss.. Its on of the many examples.. And that is the reason it isnt gaining trust of the masses and thing reflects in the market too

[Nurul Huda 944]

On 11/23/2019 at 5:44 PM, AL SHAIMON said:

I think bitcoin is so expensive because many people are buying it. The more people buy it it’s price will increase more. However there are so many minners. I think that's why btc price is so high.        

Your opinion is correct and I agree with your opinion about the price of bitcoin which is so expensive.

The game market certainly exists at high and low prices that are certainly circulating in the market but you need to know that the price of bitcoin is very expensive because the more people buy bitcoin, the price is more expensive too, especially with the famous bitcoin in the world, the more people who want to buy bitcoin even though the price is very expensive because the bitcoin behind it is very profitable for them, so it's likely that the price of bitcoin is very expensive because of seeing the sale and purchase.

[Maaz ullah 14]

There are many reason for it. It is is limited amount and getting popular day by day so supply is low and demand is more. Its innovative and futuristic and it has some attractive features like p2p and no manipulation by govt which adds to its demand

[CryptoMaxim 3829]

In my opinion the price of bitcoin has grown and will grow because there is mining. I believe that after the last block produced, the price will fall.

[littledi059 1010]

According to the researching it's price must even be higher and now it is a bit lower than what it really costs even when bitcoin reaches it's maximum. And next it will definetely cost even more

[guatazoo 7150]

Bitcoin is expensive because it had high demand than any other coin out there, an tye demand is increasing day to day.

[Mursanna 211]

1 hour ago, CryptoMaxim said:

In my opinion the price of bitcoin has grown and will grow because there is mining. I believe that after the last block produced, the price will fall.

Why are you sure like that? if it's already crowded using bitcoin, will make the price of bitcoin still expensive. Even bitcoin is already in all exchanges

[Afrizal rahman 2636]

Bitcoin is expensive because there are many users in the market who sell or buy. the number of bitcoins is 21 million and gives a gift every year, maybe what you say is true.

[Syedbesharat 5423]

2 hours ago, Maaz ullah said:

Yes it has so many possitive aspects but the negative one is sudden drastic changes in the prices of bitcoins.. But in case of import exports one can sell goods with btc with a handsome profit but on the other day BTC prices comes down drasticlyy leaving him in loss.. Its on of the many examples.. And that is the reason it isnt gaining trust of the masses and thing reflects in the market too

BTC volatility makes it unique because btc is not controled by anyone.Its sudden price up gave you good profit and sudden low give you loss but it is better than stable coins.whoes moves are not much different.So BTC is great for investment and  payments.

[Maaz ullah 14]

12 minutes ago, Syedbesharat said:

BTC volatility makes it unique because btc is not controled by anyone.Its sudden price up gave you good profit and sudden low give you loss but it is better than stable coins.whoes moves are not much different.So BTC is great for investment and  payments.

Indeed it is best for investment but for professionals. If we look at the real economy it is a barren hen i am talking practical and the use of BTC for transactions because the ultimate use of the currency is transactions